STUDENT TIP : Understand that a private student loan is not the
same as Federal Loans. Government backed Federal college loans are
often better than private funding because
interest rates are usually
lower. Regardless of the type of loan you borrow, it is important to
exhaust all student financial aid options in the form of grants and
scholarships before deciding on taking out a student loan. Borrow
responsibly by applying informed, knowing about all fees and costs
associated with the student loan you've chosen.
The most common type of student loan is the
Stafford Loan and it
carries
a low interest rate.
Alternative student loans are credit based and must be repaid -
often starting six months after college graduation.
Students have a
greater chance of approval for a private student loan if they apply
with a co-signer. Private student loans can be applied to most all
college related expenses, including books, tuition, room and board,
rent and travel. Again, to increase you chances of approval for a
private college loan apply with a cosigner with good credit, such as
a parent or relative.
Alternative Student Loans for College Financial Aid
Private Student Loans
Welcome to the guide of private
student loans of college lenders offering alternative
financing for college as private loans. A new co-branded
alternative is now available at iStudentLoan.com:
Discover student loans are available by phone
at 877-728-3030 or at their website
www.discover.com .
Also consider SallieMae student loan options at
www.salliemae.com
Private student
loans are credit based as are Student Credit Cards.
TIP: It is often easier to qualify for a student
credit card, and students receive them faster. BUT the interest rates are usually much
higher on credit cards than they are on private personal
loans for students.
Alternative student loans | Basic Information and tutorial.
Our free guide makes the process of finding a private school loan quick, fast, secure and responsible. Private student loans fill a gap
between a student's total college expenses and their awarded financial aid,
aka your Financial Aid Award Letter, from filing out the FAFSA
at Fafsa.Ed.Gov;
FAFSA stands for "Free Application for Federal Student Aid." Many students
and parents take out an alternative student loan to pay for most all
college expenses. Tuition loans don't cover every day
college expenses like: off campus housing, a new computer, school
supplies, student car loans, transportation, student travel
loans and other
personal school related expenses; while Personal private
loans cover these college expenses.
PRIVATE STUDENT LOAN CONSOLIDATION
Student Loans Consolidation HQ is a
refinancing service allowing you
to consolidate federal and private college loans in to a new potential fixed low interest rate. Details for this are located on
our consolidation page.
Fixed Interest rate Loan and Loan Repayment Info
Repayment is deferred until graduation with Astrive Student Loans for
example, and also the private Chase Student Loans, as long as you maintain half
time enrollment status in college. Private student loan lenders do vary so please obtain
loan interest rates and terms and conditions directly with your desired
student loan lenders. Students often have the option to repay while
still in school, depending on the school loan company. Borrowers are required to
start repayment after graduation, usually 6 months after. Loan deferments are available
after graduation only for Federal student loan
programs. The number of federal college loan deferments is limited to four.
How do I apply for College Funding?
Apply online for a private college loan by clicking on your desired lender then filling out one of their secured loan applications. Applying online
or by phone for a student loan is a
quick way to receive money for college.
School loans companies are being considered for addition to our college student loan guide
of private lenders. Banks and Student Finance Lenders please contact us below to
appear on this site.
Student loans for living expenses
A Student Loan for living expenses cover the expenses a student will incur
in college. No credit student loans are known as Stafford. We list direct quick
fast student loans from only trusted, private lenders and established college loan companies
as well as credit unions and local bank contacts by state.
All private college loans, collegiate loans,
lenders and banks are approved before publishing this
free guide to alternative
student loans for parents and students. If you happen to receive poor customer
service from a lender please inform us on on contact us page below. For Federal student loan rate info
please visit Department of Education's Student Financial Aid site
located at studentaid.ed.gov
Alternative and private college student loan
financing is based largely on an individual's and/or cosigner's
FICO score and income. Generally speaking, the higher the FICO
score of an individual the lower the interest rate on the
student loan that is borrowed. Banks and lenders do differ so it recommended students
and parents evaluate and compare each lending company carefully
before submitting a private student loan application.
